By Mr. Propwise

A recent article in The Straits Times highlighted the growing trend of home owners and tenants renting out spare rooms to paying guests for short periods of times (such as a few days). Websites such as Airbnb, Wimdu, 9flats and Roomorama have sprouted out to facilitate these lettings by effectively creating a marketplace for renters and rentees.

Airbnb currently has over 230 listings for rooms for rent in Singapore, which can be stayed in for as low as $40 a day, or less than one fifth what a typical hotel room would cost. Some hosts even offer premium services such as breakfast and complimentary toiletries and EZ-link cards.

From the host’s perspective, it’s a great way to earn some extra dollars from a spare room, while from the guest’s perspective they can save a lot of money and get a different experience versus staying in a hotel.

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